Vermilion Energy Stock Price, News & Analysis

Vermilion Energy Inc. (NYSE: VET) has successfully closed the sale of non-core assets in southeast Saskatchewan, generating gross proceeds of $225 million. This divestment includes approximately 5,500 boe/d of light oil production from the Arcola and Queensdale areas. The effective date of the transaction is noted as September 1, 2022. Proceeds will aid Vermilion in repositioning for long-term success, enhancing North American inventory, reducing unit costs, and expediting debt reduction targets. The move aligns with Vermilion's strategy of focusing on free cash flow generation and returning capital to investors.

Vermilion Energy Inc. (TSX: VET, NYSE: VET) reported significant financial growth for 2022, achieving record fund flows from operations (FFO) of $1.6 billion ($10.00/share), up 78% year-over-year. The company generated $1.1 billion in free cash flow (FCF), enabling $500 million in acquisitions and over $100 million returned to shareholders through dividends and buybacks. Despite facing $406 million in hedging losses and $223 million in temporary windfall taxes, net earnings increased 14% to $1.3 billion. Production averaged 85,187 boe/d, with a 9% rise in total proved plus probable reserves to 523 mmboe. The outlook includes the closing of the Corrib acquisition on March 31, 2023, aimed at enhancing European gas production.

Vermilion Energy Inc. (NYSE: VET) announced a cash dividend of $0.10 CDN per share for shareholders of record on March 31, 2023. This dividend will be paid on April 17, 2023 and qualifies as an eligible dividend under the Income Tax Act in Canada.

Vermilion focuses on creating value through the acquisition and optimization of energy assets in North America, Europe, and Australia. The company prioritizes free cash flow generation and committed capital returns to investors, emphasizing environmental, social, and governance (ESG) responsibilities.

Vermilion Energy Inc. (NYSE: VET) will release its 2022 fourth quarter and year-end operating and financial results, including reserves information, on March 8, 2023, after North American markets close. The necessary documents will be accessible on SEDAR, EDGAR, and Vermilion's website. A conference call and webcast to discuss these results will take place on March 9, 2023, at 9:00 AM MST (11:00 AM EST). Participation details are provided for both the call and the webcast. Vermilion focuses on generating free cash flow and returning capital to investors while maintaining priorities in health, safety, and environmental protection.

Vermilion Energy Inc. (VET) announced a 2023 budget of $570 million, with production guidance of 87,000 – 91,000 boe/d, reflecting a 3% year-over-year increase. The company projects free cash flow of $800 million despite challenges from windfall taxes and hedging losses. A 25% increase in the quarterly dividend to $0.10 CDN per share was announced, alongside the resumption of a share buyback program aimed at enhancing shareholder value. The Corrib Acquisition is expected to close by March 31, 2023, further boosting operational capabilities.

Vermilion Energy Inc. (TSX: VET, NYSE: VET) announces a cash dividend of $0.08 CDN per share, payable on January 16, 2023. The record date for this dividend is December 30, 2022, with an ex-dividend date of December 29, 2022. This dividend qualifies as an eligible dividend under the Income Tax Act in Canada. Vermilion focuses on the acquisition and development of energy assets across North America, Europe, and Australia, prioritizing free cash flow generation and shareholder returns.

Vermilion Energy reported Q3 2022 results with fund flows from operations of $508 million ($3.10/share), a 12% increase, driven by higher European natural gas prices. Free cash flow decreased 5% to $324 million, influenced by increased capital expenditures for offshore drilling in Australia. Net earnings stood at $271 million ($1.65/share), with a net debt reduction to $1.4 billion, the lowest in over a decade. The company faces potential EU windfall taxes estimated between $250-$350 million for 2022. A quarterly dividend of $0.08/share was declared for January 2023, amid ongoing operational challenges.

Vermilion Energy Inc. (TSX: VET) will release its 2022 third quarter operating and financial results on November 9, 2022, after market close. The unaudited financial statements will be available on SEDAR, EDGAR, and Vermilion’s website. A conference call and webcast to discuss the results is scheduled for November 10, 2022, at 9:00 AM MST. Participants can access the call via toll-free numbers or the provided webcast link. For more information, investors can contact Vermilion's investor relations team.

Vermilion Energy Inc. (TSX: VET, NYSE: VET) has filed an early warning report following its acquisition of over 2% additional common shares in Coelacanth Energy Inc. The transactions occurred between June 20, 2022, and October 3, 2022, with Vermilion purchasing 7,057,322 shares for $4.8 million and exercising 1,444,804 warrants for about $0.4 million. Post transactions, Vermilion controls 69,342,595 shares, amounting to 16.3% of Coelacanth's outstanding shares. The acquisitions aimed to enhance Vermilion's investment in Coelacanth.